Mullen Automotive, Inc. (NASDAQ:MULN – Get Free Report) shares shot up 0.8% on Thursday . The company traded as high as $1.30 and last traded at $1.21. 5,833,516 shares were traded during mid-day trading, an increase of 360% from the average session volume of 1,267,425 shares. The stock had previously closed at $1.20.
Mullen Automotive Trading Down 3.7 %
The firm has a fifty day moving average price of $1.98 and a 200 day moving average price of $54.76.
Hedge Funds Weigh In On Mullen Automotive
A hedge fund recently bought a new stake in Mullen Automotive stock. Virtu Financial LLC acquired a new stake in Mullen Automotive, Inc. (NASDAQ:MULN – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,728 shares of the company’s stock, valued at approximately $59,000. Virtu Financial LLC owned 0.34% of Mullen Automotive as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 11.71% of the company’s stock.
Mullen Automotive Company Profile
Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.
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